British American Tobacco p.l.c. (NYSE:BTI) Shares Sold by Snowden Capital Advisors LLC

Snowden Capital Advisors LLC lessened its stake in shares of British American Tobacco p.l.c. (NYSE:BTI - Free Report) by 41.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,516 shares of the company's stock after selling 6,027 shares during the quarter. Snowden Capital Advisors LLC's holdings in British American Tobacco were worth $316,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. SRS Capital Advisors Inc. raised its position in shares of British American Tobacco by 294.9% in the fourth quarter. SRS Capital Advisors Inc. now owns 703 shares of the company's stock valued at $26,000 after buying an additional 525 shares during the last quarter. Kohmann Bosshard Financial Services LLC acquired a new stake in shares of British American Tobacco during the fourth quarter worth $27,000. Cullen Frost Bankers Inc. lifted its position in British American Tobacco by 334.4% during the fourth quarter. Cullen Frost Bankers Inc. now owns 1,099 shares of the company's stock worth $40,000 after buying an additional 846 shares during the period. Duncker Streett & Co. Inc. increased its stake in shares of British American Tobacco by 43.1% during the 4th quarter. Duncker Streett & Co. Inc. now owns 1,242 shares of the company's stock valued at $45,000 after acquiring an additional 374 shares during the last quarter. Finally, CoreFirst Bank & Trust purchased a new position in shares of British American Tobacco during the 4th quarter worth about $47,000. Institutional investors and hedge funds own 16.16% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on BTI shares. Bank of America began coverage on shares of British American Tobacco in a research note on Wednesday, April 30th. They set a "buy" rating on the stock. Wall Street Zen upgraded British American Tobacco from a "hold" rating to a "buy" rating in a research note on Monday, February 17th. One investment analyst has rated the stock with a sell rating, three have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, British American Tobacco presently has an average rating of "Moderate Buy" and an average target price of $33.00.

British American Tobacco Stock Down 0.7%

Shares of BTI stock traded down $0.31 during trading hours on Wednesday, hitting $44.95. 1,229,905 shares of the company were exchanged, compared to its average volume of 4,947,122. The company has a debt-to-equity ratio of 0.65, a quick ratio of 0.58 and a current ratio of 0.76. The stock has a market capitalization of $92.93 billion, a price-to-earnings ratio of 9.23 and a beta of 0.32. British American Tobacco p.l.c. has a one year low of $30.01 and a one year high of $45.41. The business's 50-day simple moving average is $42.12 and its two-hundred day simple moving average is $39.53.

British American Tobacco Company Profile

British American Tobacco p.l.c. engages in the provision of tobacco and nicotine products to consumers worldwide. It also offers vapour, heated, and modern oral nicotine products; combustible cigarettes; and traditional oral products, such as snus and moist snuff. The company offers its products under the Vuse, glo, Velo, Grizzly, Kodiak, Dunhill, Kent, Lucky Strike, Pall Mall, Rothmans, Camel, Natural American Spirit, Newport, Vogue, Viceroy, Kool, Peter Stuyvesant, Craven A, State Express 555 and Shuang Xi brands.